Peter Schiff is crazy. It's like he learnt absolutely nothing from the mess of the last decade. Lack of regulation leads to greed not betterment of society. If it were up to Peter Schiff, we'd have 0 rights (because it is cheap and therefore more profitable for the capitalist) and coporate abuse would be rampant. History is a great teacher. Take a look at how awful conditions were before workers had proper rights... unions didn't drop from the sky one day, not that I am supporting unions.... in Schiff's bizarro world, the guy owning the company LOVES his workers SO MUCH that there's no way he'd treat them unfairly.... right.

Schiff's other brilliant comment -- let the banks fail shows how little he understands economics. The reason banks had to be bailed out was because if they went under the common folks who had nothing to do with this would also go under. This would cause a depression and would set the world back for decades. He doesn't understand, the banks blackmailed everyone, if you want to prosecute anyone prosecute the aholes at Goldman Sach's who made billions screwing everyone.

MyDonkey - the problem is that those puppets run our lives. If we stopped obeying the puppets and giving them power over us, the ones pulling the strings wouldn't have much pull with us.

jwebbz and leo - you two are just hating on Schiff. This video clearly showed Schiff trying to have a respectful discussion with OWS protestors, and if there was anything rude or disrespectful about it, it was simply that he did not always have his mic hog instinct in check. But it wasn't atrocious. He listened a lot more than you did.

His expousing corporate taxe rates should be zero makes perfect sense. Why? Simply because prices would be lower. This is fairly obvious on inspection since no corporation really pays taxes because they are just another cost, which is passed on through to consumers within the price of the goods.

Moreover, I rather suspect if the corporate rates were set to zero we would have many more corporations moving to the US than are leaving. What am I missing?

For the record, wealthy Europeans go out of their way not to pay taxes, by setting up trusts in tax havens like Luxembourg and Monaco.

It's difficult to argue with Schiff because he uses logic to draw conclusions, whereas everybody who was arguing with him seemed to be making emotional arguments. You know you've lost the argument when all you can say in response is "you're an idiot."

Politicians are just puppets of large multinational corporations who tell the puppets what to do.

So let me get this straight. The state, which has a monopoly of force over every person in the country, a standing army of 1-2 million soldiers and military spending that dwarfs anything a multinational corporation could bear, its very own printing press to create money out of thin air, and more jails and people in jail than any demented capitalist could dream of.....

is simply a group of puppets?

Or are the intellectuals that apologize for the state playing possum....